Capital Allowances Act 1990 (repealed)

Contents

Part I · Industrial Buildings and Structures

Chapter I · Initial Allowances

1Buildings and structures in enterprise zones.#

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2Transitional relief for regional projects.#

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2AInitial allowances: contracts entered into between October 1992 and November 1993.#

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Chapter II · Writing-down Allowances, Balancing Allowances and Balancing Charges

3Writing-down allowances.#

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4Balancing allowances and balancing charges.#

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4ARealisation of capital value.#

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5Restriction of balancing allowances on sale of industrial buildings or structures.#

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6Buildings and structures (including hotels) in enterprise zones.#

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7Other hotels.#

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Chapter III · Provisions Supplementary to Chapters I and II

8Writing off of expenditure and meaning of “residue of expenditure".#

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9Manner of making allowances and charges.#

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10Purchases of buildings and structures.#

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10APurchases of buildings and structures: special provision for enterprise zones.#

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10BPurchases of buildings and structures in enterprise zones within two years of use.#

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10CPurchases of buildings and structures: allowances under section 2A.#

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10DArrangements affecting the value of the purchased interest.#

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11Long leases.#

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12Expenditure on repair of buildings.#

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13Expenditure on sites for machinery and plant.#

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14Sports pavilions.#

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15Temporary disuse of industrial buildings or structures.#

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15ABalancing charge after cessation of trade.#

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15ZATemporary disuse: manner of making allowances and charges in certain cases.#

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16Requisitioned land, holding over of leased land and other special cases.#

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17Mining structures etc: balancing allowances carried back to earlier chargeable periods.#

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17AEnterprise zones: exclusion of expenditure.#

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18Definition of “industrial building or structure".#

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19Meaning of “qualifying hotel".#

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20Meaning of “the relevant interest".#

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21Other interpretation of Part I.#

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Part II · Machinery and Plant

Chapter I · Allowances and Charges: General Provisions

22First-year allowances: transitional relief for regional projects.#

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22AExpenditure of a small or medium-sized enterprise.#

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22AAExpenditure of a small enterprise.#

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22BWithdrawal of first-year allowance on change of use.#

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22CDisclosure of information in connection with first-year allowances.#

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23Information relating to first-year allowances.#

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24Writing-down allowances and balancing adjustments.#

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25Qualifying expenditure.#

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26The disposal value.#

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27Professions, employments, vocations etc.#

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28Investment companies.#

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28ASchedule A cases.#

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29Furnished holiday lettings.#

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Chapter II · Ships

30First-year allowances.#

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31Writing-down allowances.#

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32Ships not used in the actual trade.#

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33Exclusion of section 31.#

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Balancing charges in respect of ship disposals et ceteralaetc.

33ADeferment of balancing charge.#

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33BAmount brought into account in respect of the old ship.#

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33CReimposition of deferred charge.#

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33DExpenditure to which deferments attributed.#

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33EQualifying ships.#

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33FProcedural provisions relating to deferred charges.#

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Chapter III · Expensive Motor Cars

34Writing-down allowances etc.#

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35Contributions to expenditure, and hiring of cars.#

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36Definition of “motor car", etc.#

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Chapter IV · Short-Life Assets

37Election for certain machinery or plant to be treated as short-life assets.#

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38Assets which cannot be treated as short-life assets.#

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Chapter IVA · Long-life assets

Expenditure to which Chapter applies

38AApplication of Chapter.#

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38BExpenditure excluded from the application of the Chapter.#

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38CExclusion of Chapter where limit for individuals and partnerships not exceeded.#

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38DExclusion of Chapter where company’s limit not exceeded.#

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Rules applying to expenditure on long-life assets

38ESeparate pools for expenditure on long-life assets.#

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38FModifications applying to pools for long-life assets.#

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38GDisposal value of long-life assets.#

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Transitional provisions

38HTransitional provisions.#

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Chapter V · Leased Assets and Inexpensive Cars

39Meaning of “qualifying purpose".#

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40Meaning of “short-term leasing" and “the requisite period".#

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41Writing-down allowances etc. for leased assets and inexpensive cars.#

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42Assets leased outside the United Kingdom.#

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43Joint lessees: new expenditure.#

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44Further provisions relating to joint lessees in cases involving new expenditure.#

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45Joint lessees: old expenditure.#

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46Recovery of excess relief: new expenditure.#

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47Recovery of excess relief: old expenditure.#

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48Information relating to allowances made in respect of new expenditure.#

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49Information relating to allowances made in respect of old expenditure.#

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50Interpretation of Chapter V.#

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Chapter VI · Fixtures

51Application and interpretation of Chapter VI.#

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52Expenditure incurred by holder of interest in land.#

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53Expenditure incurred by equipment lessor.#

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54Expenditure included in consideration for acquisition of existing interest in land.#

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55Expenditure incurred by incoming lessee: transfer of allowances.#

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56Expenditure incurred by incoming lessee: lessor not entitled to allowances.#

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56ARestriction on duplicate allowances under sections 54 and 56.#

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56BFixtures on which a former owner had an allowance.#

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56CFixtures on which an allowance has been given under Part I.#

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56DFixtures on which an allowance has been given under Part VII.#

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57Fixtures treated as ceasing to belong to particular persons.#

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58Equipment lessors: special provisions.#

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59Disposal value of fixtures in certain cases.#

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59ADisposal values in avoidance cases.#

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59BElection to use alternative apportionment.#

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59CElections under section 59B: supplemental.#

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Chapter VII · Miscellaneous Expenditure

60Machinery and plant on hire-purchase etc.#

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60AMachinery and plant on hire-purchase etc.: fixtures.#

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61Machinery and plant on lease.#

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62Treatment of demolition costs.#

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62ASpecial allowance for decommissioning costs related to offshore machinery or plant.#

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62AAReuse etc. of offshore oil infrastructure#

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62ABMeaning of “decommissioning expenditure” in section 62AA#

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62ACMeaning of “offshore infrastructure” in section 62AA#

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62BTreatment of post-cessation abandonment expenditure related to offshore machinery or plant.#

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63Mineral extraction.#

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64Transfers of interests in oil fields.#

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64AProduction sharing contracts.#

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65Partnership using property of a partner.#

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66Building alterations connected with installation of machinery or plant.#

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67Expenditure on thermal insulation.#

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67AComputer software.#

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68Exclusion of certain expenditure relating to films, tapes and discs.#

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69Expenditure on fire safety.#

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70Expenditure on safety at sports grounds.#

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71Security.#

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72Security: supplementary.#

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Chapter VIII · Supplementary Provisions

73Manner of making allowances and charges.#

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74Allowances not available: expenses of MPs and others.#

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75Further restrictions on allowances.#

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76Extension of section 75.#

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76ASpecial provision for finance lease cases.#

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76BSpecial provision for sale and leaseback cases.#

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77Successions to trades: connected persons.#

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78Succession to trades where no election made under section 77.#

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79Effect of use partly for trade etc. and partly for other purposes.#

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79AReduction in qualifying use.#

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80Effect of subsidies towards wear and tear.#

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81Effect of use after user not attracting capital allowances, or after receipt by way of gift.#

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82Capital expenditure to which this Part does not apply.#

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82AMeaning of “finance lease”.#

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83Other interpretative provisions.#

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Part III · Dwelling-houses Let on Assured Tenancies

84Application of Part III.#

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85Writing-down allowances.#

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86Qualifying dwelling-houses.#

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87Balancing allowances and charges and withdrawal of initial allowances in certain cases.#

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88Dwelling-houses not continuously qualifying dwelling-houses.#

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89Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house.#

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90Writing off of expenditure and meaning of “residue of expenditure".#

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91Buildings bought unused.#

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92Manner of making allowances and charges.#

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93Repairs, and double allowances.#

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94Holding over by lessees, etc.#

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95The relevant interest.#

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96The appropriate capital expenditure.#

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97Interpretation.#

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Part IV · Mineral Extraction

Chapter I · Allowances and Charges

98Writing-down and balancing allowances.#

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99Disposal receipts.#

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100Balancing charges: excess of allowances etc. over expenditure.#

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101Occasions of balancing allowances.#

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102Treatment of qualifying expenditure on mineral exploration and access.#

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103Demolition costs.#

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104Manner of making allowances and charges.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Chapter II · Qualifying Expenditure

105General provisions.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

106Pre-trading expenditure on machinery or plant which is sold etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

107Pre-trading exploration expenditure.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

108Contributions by mining concerns to public services etc. outside the United Kingdom.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

109Restoration expenditure.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Chapter III · Limitations on Qualifying Expenditure etc.

110Expenditure on the acquisition of land.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

111Reduction of qualifying expenditure for premium relief.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

112Restriction of disposal receipts.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

113Assets formerly owned by traders.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

114Assets previously acquired.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

115Expenditure partly attributable to mineral exploration and access.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

116Oil licences etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

117Transfer of mineral assets within a group.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

118Assets formerly owned by non-traders.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

118ADisposals of oil licences relating to undeveloped areas.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Chapter IV · Supplementary Provisions

119Transitional provisions relating to old expenditure.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

120Time when expenditure is incurred.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

121Interpretation of Part IV.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Part V · Agricultural Buildings etc.

Chapter I · Agriculture

122Allowances for expenditure incurred before 1st April 1986.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

123Allowances for expenditure incurred after 31st March 1986.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

124Expenditure qualifying for allowances.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

124AInitial allowances: contracts entered into between October 1992 and November 1993.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

124BRestriction on writing-down allowance where initial allowance made.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

125Meaning of “major interest" and “the relevant interest".#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

126Transfers of relevant interest.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

127Buildings etc. bought unused.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

127APurchases of buildings and structures: cases involving initial allowances.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

128Balancing allowances and charges.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

129Balancing events.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

130Restriction of balancing allowances on sale of buildings.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Chapter II · Forestry

131Forestry: transitional provisions.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Chapter III · Supplemental

132Manner of making allowances and charges.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

133Interpretation of Part V.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Part VI · Dredging

134Allowances for expenditure on dredging.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

135Interpretation of Part VI.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Part VII · Scientific Research

136Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

137Allowances for capital expenditure on scientific research.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

138Assets ceasing to belong to traders.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

138ADisposal of oil licences etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

138BDisposal of oil licences: election for alternative tax treatment.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

139Supplemental.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Part VIII · Supplementary Provisions

140Income tax allowances and charges in taxing a trade etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

141Other income tax allowances.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

142Restriction of set-off of allowances against general income.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

143Tax agreements.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

144Corporation tax allowances and charges in taxing a trade.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

145Other corporation tax allowances.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

145ACorporation tax allowances: claims.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

146Writing-down allowances under Parts V and VI.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

147Exclusion of double allowances.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

148Double allowances: transitional provisions.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

149Companies not resident in the United Kingdom.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

150Apportionment of consideration, and exchanges and surrenders of leasehold interests.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

151Procedure on apportionments.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

152Succession to trades etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

152AInsurance companies: transfers of business.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

152BTransfer of a UK trade.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

153Subsidies, contributions etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

154Allowances in respect of contributions to capital expenditure.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

155Further provisions relating to capital contributions.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

156Meaning of “sale, insurance, salvage or compensation moneys".#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

157Sales between connected persons etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

158Further provisions relating to sales without change of control or between connected persons.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

159Capital expenditure, capital sums and time when capital expenditure is incurred.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

159AAdditional VAT liabilities and rebates.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

160Meaning of “period of account”.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

161Other interpretative provisions.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

162Application to Scotland.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

163Continuity and construction of enactments etc.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

164Commencement, amendments and repeals.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

165Short title.#

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Schedule 1 · Consequential amendments

Taxes Management Act 1970 c. 10

(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Social Security Act 1975 c. 14

Social Security (Northern Ireland) Act 1975 c. 15

(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Capital Gains Tax Act 1979 c. 14

(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Finance Act 1982 c. 39

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

London Regional Transport Act 1984 c. 32

(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Films Act 1985 c. 21

(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Trustee Savings Bank Act 1985 c. 58

(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Income and Corporation Taxes Act 1988 c. 1

(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Finance Act 1988 c. 39

(9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Finance Act 1989 c. 26

(10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Electricity Act 1989 c. 29

(11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Schedule 2 · Repeals

Schedule A1 · Corporation Tax Allowances: Claims

Introductory

(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Time limits

(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Method of making claim

(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Nature of claim

(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

(9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Adjustments

(10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

(11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Schedule AA1 · Exclusions from expenditure on machinery or plant

Buildings

(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Structures, assets and works

(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Land

(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

General exemptions

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Interpretation

(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (repealed)

Capital allowances act 1990 table of derivations · Note:The following abbreviations are used in this Table:—

Contains public sector information licensed under the Open Government Licence v3.0.